Non-GMO soybean prices have edged slightly higher hovering near $1.40 as a premium to the local cash prices. Merchandisers are telling The Jacobsen that activity in the space is beginning to pick up slightly. There appears to be a slight decline in the values that Merchandisers are seeing for non-GMO soybean meal which has slipped down to $110 over conventional, which is slightly squeezing the margins received by crushers. Non-GMO corn prices are stable and remain in the $0.10-$0.30 range over conventional prices.
Despite the continued uptick in supermarket sales across the US, there has been very little increase in prices. Supermarket sales during the past 6-months have seen a one month year over year sales increase of as much as 35% year over year to the low in August which was 9.5% year over…
01.17.2025
US renewable fuel production hits all-time high; biomass-based diesel output surges to capture end of BTC
The $1-per-gallon Blenders Tax Credit (BTC) ended on December 31, 2024. Monthly US renewable fuel production hit an all-time high of 1.96 billion gallons of fuel, generating 2.31 billion...
01.17.2025
Packer BFT ticks upward; most animal fats and oil markets close the week higher
Three cars of packer-grade bleachable fancy tallow (BFT) traded higher on Friday January 17, at 47 cents per lb, Chicago basis.
Outside of this trade, the US animal...
01.17.2025
Limited trade keeps US animal protein prices flat week on week
US animal proteins prices were generally flat for the week to Friday January 17, though prior price moves from last week for meat and bonemeal, bloodmeal and poultry by-product...